GCC corporates likely to maintain conservative strategies this year: S&P ...Qatar

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GCC corporates likely to maintain conservative strategies this year: S&P
The Gulf Co-operation Council (GCC) corporates are likely to focus on cost optimisation, proactively managing their liquidity and preserving their cash flows this year as they maintain conservative strategies, according to Standard and Poor's (S&P), a global credit rating agency. "Absent a substantial recovery in revenue generation, they are likely to focus on cost optimisation, proactively managing their liquidity, and preserving their cash flows, while new investments will continue to take a back seat in most sectors," said S&P Global Ratings credit analyst Timucin Engin. After a very challenging 2020 amid the Covid-19 pandemic and oil price shock, the rating agency expects the GCC econ

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